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Victoria Real Estate Market Slowly Stabilizing after a Record Breaking 2016

November 9th, 2017
The Victoria Real Estate Board has released their latest statistics for the month of September. The following is an excerpt from their press release.

A total of 664 properties sold in the Victoria Real Estate Board region this October, 9.7 per cent fewer than the 735 properties sold in October last year.

“As expected, we saw fewer sales than this time last year,” notes Victoria Real Estate Boa ...

Sotheby's International Realty Canada - 2017 Fall Market Forecast

October 3rd, 2017

A strengthening Canadian economy is projected to have a positive, cascading impact on the nation’s high-end residential real estate market this fall. Montreal is forecast to emerge as a luxury real estate hot spot, with gains in sales volume and pricing expected in the $1 million-plus segment of the market. Strong economic fundamentals are set to foster healthy activity in the high-end Greate ...

Victoria Real Estate Market Changes Tempo for Autumn

October 2nd, 2017
The Victoria Real Estate Board has released their latest statistics for the month of September. The following is an excerpt from their press release.

A total of 640 properties sold in the Victoria Real Estate Board region this September, 18.1 per cent fewer than the 781 properties sold in September last year.

“We can certainly feel the difference in the current market when we compare to last y ...

Victoria Real Estate Market Statistics for August 2017

September 1st, 2017
The Victoria Real Estate Board has released their latest statistics for the month of August. The following is an excerpt from their press release.

A total of 736 properties sold in the Victoria Real Estate Board region this August, 16.6 per cent fewer than the 883 properties sold in August last year.

“I admit to being a little surprised by the August numbers,” notes Victoria Real Estate Board ...

Victoria Real Estate Market Remains Hot Into the Summer Months

August 2nd, 2017

The Victoria Real Estate Board has released their latest statistics for the month of July. The following is an excerpt from their press release.


“The activity level in the Victoria real estate market continues to be brisk, though we always expect a slowdown in the summer months,” says 2017 Victoria Real Estate Board President Ara Balabanian. “This July, we saw a strong focus on the lower p ...

Glynis' Market Snippets: July Edition

July 10th, 2017
The Victoria real estate market is creeping closer to inventory levels of July 2016. We are now running at a shortfall of listings 16% less than this time last year. Condo sales continue to be very brisk in the under $1million range and homes well priced, are quick to sell.

According to the local Times Colonist, buyers in Greater Victoria spent about $73.87 million bidding over the asking pric ...

Victoria Real Estate Market Continues Tempo of Steady Sales Throughout June

July 6th, 2017

The Victoria Real Estate Board has released their latest statistics for the month of June. The following is an excerpt from their press release. 

“This year may feel a bit steady and less exciting when compared to last year’s record-breaking market. People are getting used to this new tempo of brisk sales,” says 2017 Victoria Real Estate Board President Ara Balabanian. “However, when we look a ...

Victoria Real Estate Market Sees Slow Increase in Inventory

June 2nd, 2017

“This month we have seen an increase in inventory – which means that buyers have more choice – and it means that now in some areas sellers are competing for buyers,” says 2017 Victoria Real Estate Board President Ara Balabanian.

There were 1,896 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2017, an increase of 12.2 per cent compared ...

Victoria Real Estate Market Inventory Edges Up, Sales Still Constrained

May 4th, 2017
“The numbers we saw in April are a further indication that the market is gradually moving towards a more balanced state compared to the record setting pace of 2016.” says 2017 Board President Ara Balabanian.

A total of 885 properties sold in the Victoria Real Estate Board region this April, 31.2 per cent fewer than the 1,286 properties sold in April last year. The ten year average for sales i ...

Victoria Real Estate Market Continues Trend of Low Inventory, High Demand

April 4th, 2017

A total of 929 properties sold in the Victoria Real Estate Board region this March, 17.1 per cent fewer than the 1,121 properties sold in March last year.

"We predicted early in the year that we wouldn't see a continuation of the record sales numbers that we saw in 2016," says 2017 Board President Ara Balabanian.  "However, we are still in a very active market, as evidenced by the fact that ...

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